https://www.taxtmi.com/caselaws?id=215113 The Tribunal reversed the Commissioner's decision and upheld the Assessing Officer's denial of deduction under section 80IB of the Income Tax Act. The Tribunal found that the undisclosed income was not solely derived from the industrial undertaking eligible for the deduction, as evidenced by income from trading and job work activities. Despite the assessee's arguments and previous case laws cited, the Tribunal concluded that the profits in question did not qualify for the deduction, ultimately dismissing the assessee's appeal. en-us Fri, 25 May 2012 00:00:00 +0530 Wed, 18 Jul 2012 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215113 The Tribunal reversed the Commissioner's decision and upheld the Assessing Officer's denial of deduction under section 80IB of the Income Tax Act. The Tribunal found that the undisclosed income was not solely derived from the industrial undertaking eligible for the deduction, as evidenced by income from trading and job work activities. Despite the assessee's arguments and previous case laws cited, the Tribunal concluded that the profits in question did not qualify for the deduction, ultimately dismissing the assessee's appeal. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215113